Friday, May 28, 2010
Temecula Home Value Statistics - Median Property Values are Increasing
The Property Values trend is Increasing, indicated by an average $/Sqft increase of 6.4% over the past year. The Demand/Supply trend is In Balance, but borderline Shortage, indicated by 1.2 months of current housing inventory. The marketing time trend is Under 3 Months, indicated by an average marketing time of 53 days over the past 3 months. Distressed sales dominate the market and 73% of all sales over the past 3 months were short sales or bank sales.